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| Trading based on volumes book Hello, my name is Alex, and I am trader.I`m starting to post analysis of the market on this forum, which will be in other thread, but here I want to share a book which contais very useful information about market movements from large volumes.So if anybody wants- I will share it. |
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| Re: Trading based on volumes book First fundamental:a volume indicator reflects a degree of intensity or strength of price policy, a risk degree in this or that price range for market players. An increase in volume evidences of rising of the pressure on prices, which forces them to change. Second fundamental:adecrease in pressure due to buyers/sellers is first detected with volume indicators before it directly reflects in a price tendency (hence, forecast significance of volume indicators). Thus, the scheme “volume-price” works. Third fundamental: those the most interesting in terms of analysis are maximal volume indicators forming the very levels of support/resistance, well known from the concepts of technical analysis. The market moves from one level of maximal volumes to the other one, and this rule is held for various time periods. |
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| Re: Trading based on volumes book Hallo Alex S. I agree with you,volume is one of the key indicators in trading. We both know that because of the specific charateristics of the forexmarket volume is a little bit complicated. I use the COT report every week to give some insight in where the big guys are positioned. I'm doing a lot of research on VSA (volume spread analysis) by TradeGuider. This analysis is based on the work of Richard Wyckoff. I'm very interested in your volume book! Regards, René Martens The Netherlands |
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